Cboe Global Markets to acquire minority stake in Japannext
03 September 2024 Japan
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Cboe Global Markets has agreed with SBI Holdings to acquire a minority equity ownership stake in Japannext through a purchase of shares from SBI.
The agreement will see SBI transfer Cboe Global Markets, a derivatives and securities market operator, 14.8 per cent ownership interest in Japannext.
Japannext is a Tokyo-based financial services and market solutions provider focused on operating an alternative market.
The company also provides a proprietary trading system, coalition and data centre services, as well as market data, system solutions and development of software.
Commenting on the news, Cboe Global Markets CEO Fred Tomczyk says: “Japan is one of the world’s largest and most important capital marketplaces and this investment reaffirms Cboe’s strong commitment to Japan.
“We believe this investment will help us strengthen our relationships within the industry and expand our presence beyond our ownership of Cboe Japan, which we plan to continue to operate independent of Japannext.”
Masakatsu Yamada, representative director and CEO at Japannext, adds: “We believe that this will promote innovation in the Japanese capital markets in ways that increase competitiveness, reduce trading costs and provide more choices for investors.”
The agreement will see SBI transfer Cboe Global Markets, a derivatives and securities market operator, 14.8 per cent ownership interest in Japannext.
Japannext is a Tokyo-based financial services and market solutions provider focused on operating an alternative market.
The company also provides a proprietary trading system, coalition and data centre services, as well as market data, system solutions and development of software.
Commenting on the news, Cboe Global Markets CEO Fred Tomczyk says: “Japan is one of the world’s largest and most important capital marketplaces and this investment reaffirms Cboe’s strong commitment to Japan.
“We believe this investment will help us strengthen our relationships within the industry and expand our presence beyond our ownership of Cboe Japan, which we plan to continue to operate independent of Japannext.”
Masakatsu Yamada, representative director and CEO at Japannext, adds: “We believe that this will promote innovation in the Japanese capital markets in ways that increase competitiveness, reduce trading costs and provide more choices for investors.”
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